Category Archives: Federal Reserve

Gold Trading Breaks Records, Could Reach Higher Targets Dillon Gage President Says

By Dillon Gage Metals …… Spot gold surged to an all-time record above $1,900 USD an ounce early Monday on Comex, and silver hit a seven-year high, as the dollar tumbled. The yellow metal touched $1,946.90 an ounce, taking out the record $1,921.17 for spot bullion set in 2011. The dollar fell to near a […]

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The Golden Dollar: Story of the Sacagaweas

By Lianna Spurrier for CoinWeek ….. The dollar coin has never circulated well in America. Even designs that are loved by collectors today, such as the Morgan dollar, struggled to find their way out of contemporaneous storage vaults as consumers simply didn’t want them. The Susan B. Anthony dollar was supposed to fix this problem […]

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Heller0416

Federal Reserve capitulates again

Seal of the United States Federal Reserve System.
On Sept. 20, 2017, the Federal Open Market Committee announcement included an unusual statement in its next-to-last paragraph: “In October the Committee will initiate the balance sheet normalization process described in June 2017 Addendum to the Committee’s Policy Normalization Principles and Plans

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Letters to the Editor (December 18, 2018)

Mint does not distribute coins to local banks
It never ceases to amaze me that even the most seasoned and esteemed numismatists do not understand how United States coinage goes from manufacturing to circulation.
In Harvey Stack’s Viewpoint column (Nov. 18, 2018), he blamed the U

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Trump Treasury Trashes Tubman Twenty?

By Charles Morgan and Hubert Walker for Coinweek…. After Donald J. Trump was elected president on November 8, 2016, the numismatic media had reason to wonder whether or not the new administration would reverse the Obama-era decision to include women on the upcoming Federal Reserve Note redesign. Specifically, many wondered if President Trump would direct […]

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What’s going on with gold?

Recently on CNBC’s “Trading Nation,” Larry McDonald, publisher of The Bear Traps Report, explained that gold is currently “breaking out.” He elucidated that gold has consistently held a relationship with interest rate hikes by the Federal Reserve and utilized the fictional characters of Charlie Brown and Lucy van Pelt as a metaphor to illustrate this relationship

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PNG dealers see $1,460+ gold at year’s end

(Temecula, California) January 25, 2018 — Gold is anticipated to reach $1,460 or potentially more, silver about $20, and platinum about $1,150 by the end of the year. This was determined by conducting an informal survey between January 16-24, 2018, of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (PNG)

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Professional Numismatists Guild Dealers See $1,460+ Gold at Year’s End

Gold is anticipated to reach $1,460 or potentially more, silver about $20 and platinum at about $1,150 by the end of the year, according to an informal survey conducted between January 16-24, 2018 of some of the country’s leading precious metals retail dealers, according to the nonprofit Professional Numismatists Guild (PNG). Members of the Guild’s […]

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Education’s Role in Developing the Future of the Coin Hobby

By Gary Adkins – President, American Numismatic Association (ANA) ……   [Originally delivered at the Second United States Mint Forum on October 17, 2017. —CoinWeek] Thank you Director Motl and your generous staff for inviting me to speak at your annual United States Mint Forum. It is a privilege to be here with you and […]

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CoinWeek News Wire for September 1, 2017: Fake Gold, Fake Coins, and Fort Knox

By Coinweek …. CoinWeek News Wire for September 1, 2017:  Brain Food 1.) Scrooge McDuck and Switzerland For almost 400 years, kreuzers were probably the most important small coins being circulated every day in Switzerland. It was not only a method of payment, but was also used to measure the value of other coins. Kreuzers […]

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CoinWeek News Wire for September 1, 2017: Fake Gold, Fake Coins, and Fort Knox

By Coinweek ….   CoinWeek News Wire for September 1, 2017: Brain Food 1.) Scrooge McDuck and Switzerland For almost 400 years, kreuzers were probably the most important small coins being circulated every day in Switzerland. It was not only a method of payment, but was also used to measure the value of other coins. […]

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Gold Markets Report: Gold Mildly Higher – Bargain Hunting?

Commentary on Gold Prices for Monday, July 10, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $3.50 at $1,213.20 today in what looks like book squaring or perhaps some mild bargain hunting. The dollar firmed up since Friday – the Dollar Index moved from 95.75 […]

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Gold Markets Report – Gold Ignores a Weaker Dollar

Commentary for Tuesday, June 27, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc ……   Gold closed up $0.50 today at $1,246.90 in what turned out to be an uneventful day. The domestic market opened higher ($1,250.00) – moved off that high and settled with no buzz on lows for […]

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Gold Markets Firm – Are You an Optimist or Pessimist?

Commentary for Tuesday, May 16, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $6.40 at $1,236.40 today. The gold market continues to attract minor attention – I say minor because most investors are still looking at stocks as investor “fear” has exited the theater. This is […]

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One Way or Another: New Legislation Seeks to Change America’s Circulating Coinage

Two recent Republican bills aim to save taxpayers money By Hubert Walker for CoinWeek …. Two new pieces of legislation have been introduced (in one instance, reintroduced) to Congress that seek to alter the landscape of our nation’s circulating coinage. COINS Act of 2017 Republican Senators John McCain (AZ) and Michael Enzi (WY) introduced the […]

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Gold Fades as the Dollar Grows Stronger

Commentary for Thursday, March 2, 2017 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed down $17.10 at $1,232.90 today in the face of rising optimism and it was a pretty rough day for all the metals. It will be tough for gold to get any traction as the […]

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U.S. Mint Releases Fort Knox Audit

By Everett Millman – Gainesville Coins ……. One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. Locked Up Tighter Than Fort Knox According to official statistics, the United States holds far and away the largest gold reserves […]

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Gold and Silver Markets – Gold Settles for Quiet Weekly Finish

Commentary for Monday, February 6, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $1.40 at $1,220.80 USD on Friday and is higher by $32.40 on the week. My concern last week over price follow-through remains in place but it is nice to see that gold has […]

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The Coin Analyst – Should the U.S. Return to the Gold Standard?

By Louis Golino for CoinWeek …… August 15 marks the 45th anniversary of the end of the gold standard. In 1971 President Richard M. Nixon ended the convertibility of the dollar with gold, which paved the way for the system of floating, fiat currencies that exists today. Ever since then the U.S. dollar has continued […]

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Tips for Beginners: Coin Collecting by the Roll

By Littleton Coin Company ……….. Collecting coins by the roll has always offered a “hoarding appeal” – if owning a single desirable coin is fun, why not own a whole roll of them! But roll collecting has been popular for another reason in recent years. The U.S. Mint’s heavy workload, including quarters and dollars with […]

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The Coin Analyst – The 2016 GOP Presidential Race and the Gold Standard

By Louis Golino for CoinWeek …. As happened four years ago when Ron Paul and other GOP presidential candidates came out in support of a new gold standard–it was even included in the 2012 GOP platform–several candidates have expressed support for the idea during the current GOP presidential race. Ted Cruz and the gold standard […]

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US Paper Money – An Open Letter from Secretary Lew

By Secretary of the Treasury Jacob “Jack” Lew …..   [The following is the text of Treasury Secretary Jack Lew’s April 20 announcement concerning the redesign of the $5, $10 and $20 Federal Reserve notes, which confirmed that Harriet Tubman will become the first African-American ever and the first woman to appear on the front […]

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Money Metals Exchange Issues 2016 Gold/Silver Forecast

By Clint Siegner – Money Metals Exchange….   Looking Ahead to 2016 Forecasting today’s volatile, high-frequency, machine-driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials at the Federal Reserve are often less than […]

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Money Metals Exchange: The Fed, Debt Ceiling, and Physical Silver Premiums

By Clint Siegner – Money Metals Exchange…. Gold and silver spot prices lost ground to a strengthening U.S. dollar last week. The dollar enjoyed its best week in five months, as other major world currencies weakened. European central bankers are once again hinting at more stimulus, and the Chinese government cut interest rates for the […]

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Gainesville Coins Market Update: May 22-29, 2015

The volatility of global equities was on the rise this week, with significant sell-offs on the major stock exchanges in the U.S. (Tuesday) and China (Thursday). This coincided with a downward revision of first-quarter GDP amid an array of other disappointing economic data in the States. Funds continued to crowd into the bond markets, though […]

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United States Mint Goes to Three-Shift Operations

The United States Mint announced today that circulating coin production at its Philadelphia and Denver facilities are temporarily converting from two-shift to three-shift operations to accommodate an increase in production requirements. The Mint manufactures new coins to supplement Federal Reserve Bank coin inventories. Each month the Federal Reserve places orders for new coins and provides […]

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Gainesville Coins Market Update: May 1, 2015

Courtesy of  Everett Millman and  GainesvilleCoins.com …. ABSTRACT: As equities markets pulled back amid mostly soft economic indicators, the precious metals had an early-week rally snuffed out by Friday’s close, as both gold and the Dow Industrials have essentially wiped out all of their gains thus far through the 2015 calendar year. GOVERNMENT & POLICY […]

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Gainesville Coins Market Update: March 23-27

It was a solid week for the precious metals, which all advanced (excepting palladium) on mounting geopolitical risks and deceptive rhetoric from the Federal Reserve. Equities in the U.S., Europe, and even Asia pulled back this week on uncertainty over the strength and health of the global economy. By Gainesville Coins…. GOVERNMENT & POLICY The […]

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Gainesville Coins Weekly Market Update – The New Normal and Geopolitics

Courtesy of  Everett Millman and  GainesvilleCoins.com ………. ABSTRACT: Increased volatility on the markets continued as this week was full of surprises, reversals, and unpredictable currents. The Swiss National Bank’s abrupt departure in monetary policy that unpegged the Swiss franc from the euro had the greatest immediate effect on the markets, but a disquieting uncertainty now […]

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Gold Closes Lower then Reverses after Dovish FOMC Comments

Commentary for Wednesday, Oct 8, 2014 (www.golddealer.com) ……… Gold closed down $6.40 today at $1205.30 in a market which really cannot make up its mind. It actually traded as high as $1220.00 before reversing itself as oil prices came down – WTI crude oil moved lower by $1.15 at $87.47 a barrel and the dollar […]

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